Cansortium Balance Sheet Health
Financial Health criteria checks 2/6
Cansortium has a total shareholder equity of $4.5M and total debt of $62.9M, which brings its debt-to-equity ratio to 1405.9%. Its total assets and total liabilities are $179.1M and $174.6M respectively. Cansortium's EBIT is $13.9M making its interest coverage ratio 0.8. It has cash and short-term investments of $8.5M.
Key information
1,405.9%
Debt to equity ratio
US$62.86m
Debt
Interest coverage ratio | 0.8x |
Cash | US$8.52m |
Equity | US$4.47m |
Total liabilities | US$174.60m |
Total assets | US$179.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2WM's short term assets ($22.1M) do not cover its short term liabilities ($51.5M).
Long Term Liabilities: 2WM's short term assets ($22.1M) do not cover its long term liabilities ($123.1M).
Debt to Equity History and Analysis
Debt Level: 2WM's net debt to equity ratio (1215.3%) is considered high.
Reducing Debt: 2WM's debt to equity ratio has increased from 15.8% to 1405.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2WM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2WM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.1% per year.